The annual increase in the cash surrender value of a life insurance policy:

(a) is taxed according to the original issue discount rules.
(b) is not included in gross income because the policy must be surrendered to receive the cash surrender value.
(c) reduces the deduction for life insurance expense.
(d) is exempt because it is life insurance proceeds.
(e) none of these.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: